Nithya Subramanian
Nithya Subramanian, a deputy editor at Regulation Asia, has wide experience covering the financial sector in India and Singapore. She has written extensively about wealth management, capital markets and insurance sectors tracking policy and corporate developments. Researching and writing about the South Asian diaspora settled in Singapore and the region is another area of interest. She has a post-graduate degree in English literature. Reach out to her at nithya@regulationasia.com
Articles by Nithya Subramanian
KYC & CDD
MAS Issues New ‘Source of Wealth’ Guidance for FIs
29/07/2024
MAS sets out key risk principles that FIs should follow when designing policies to establish SOW of customers.
CBDCs
Philippines: BSP to Conclude CBDC PoC by Year-end
26/07/2024
Testing of the DLT and wCBDC tokenisation is complete. Two test runs of sandbox experiments are now being conducted.
Market Abuse
ASIC Files Lawsuit Against COFCO for Wheat Futures Manipulation
26/07/2024
ASIC alleged that COFCO manipulated contracts by placing orders shortly before the market close, creating an artificial daily settlement price.
Capital Adequacy
MAS Proposes Simplified Leverage Requirements for REITs
25/07/2024
MAS has proposed a minimum ICR threshold of 1.5 times, applicable to all REITs, and an aggregate leverage limit of 50 percent.
Supervision & Enforcement
MAS Cancels Insurance Broker’s Registration for Regulatory Breaches
25/07/2024
Acesynergy Brokers failed to comply with applicable regulatory requirements, registration conditions, and written directions from MAS.
AI Risk & Governance
US, European Competition Regulators Sign AI Agreement
24/07/2024
Given the rapid growth of AI, authorities will work to ensure effective competition as well as fair and honest treatment of consumers and businesses.
Anti-Money Laundering
US Authorities Recover Another $85m in 1MDB Case
24/07/2024
The DOJ secured the recovery of a Swiss financial account along with diamond jewellery and artwork worth a combined $85mn.
Anti-Money Laundering
US House Passes Bill to Combat Crypto-enabled Illicit Finance
23/07/2024
Under the bill, an independent financial technology working group will be established to examine illicit finance in the digital asset ecosystem.
Payments & Settlements
Cambodia to Allow Tourists to Use Bakong Payment App
23/07/2024
Tourists visiting Cambodia will be able to download the Bakong app and use a credit card from their home country to top up the wallet.
Fraud, Scams & Cybercrime
SC Malaysia Warns of Investment Scams Involving Deepfakes
23/07/2024
The regulator has asked the public to be vigilant in evaluating investment offers, and not transfer money into suspicious accounts.
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